Please do not give solution in image format thanku Aaron Corporation, which has only one product, has provided the following data concerning its most recent month ofoperations:Selling priceUnits in beginning inventoryUnits producedUnits soldUnits in ending inventoryVariable costs per unit:Direct materials.$99Direct laborO5,1004,280$ 25$36Variable manufacturing overhead$ 5Variable selling and administrative expense $4Fixed costs:820Fixed manufacturing overhead$ 65,300Fixed selling and administrative expense $ 2,700The total contribution margin for the month under variable costing is:

As per the absorption costing method, the product cost includes fixed and variable manufacturing…

Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor $ 99 0 5,100 4,280 820 Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 25 $36 $5 $4 $ 65,300 $ 2,700 The total contribution margin for the month under variable costing is:

Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor $ 99 0 5,100 4,280 820 Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 25 $36 $5 $4 $ 65,300 $ 2,700 The total contribution margin for the month under variable costing is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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